Loan to Buy Dunkin Donuts Franchise Issued By Riverhills Bank

Borrowing money to buy a Dunkin Donuts franchise? Riverhills Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Owensville, Ohio and are interested in buying a Dunkin Donuts franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2008 by Riverhills Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DUNKIN DONUTS
OWENSVILLE, OH 45160

SBA Loan Lender

RIVERHILLS BANK
110 FRONT ST
NEW RICHMOND, OH 45157

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/13/2008

Loan Approval Gross Amount

$262,000

Loan Approval from the SBA

Of the total $262,000 loan amount, the SBA guaranteed $131,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 10 new jobs.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Riverhills Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Dunkin' Donuts

Choosing VC Firms

Find an SBA Lender in New Richmond, Ohio

Ohio SBA Banks